State Street Global Advisors Names Global Head of ETF Product Development
September 29 2010 - 8:00AM
Business Wire
State Street Global Advisors (SSgA), the investment management
business of State Street Corporation (NYSE: STT), today announced
the appointment of Scott Ebner, as managing director and global
head of ETF Product Development.
In this new role, Ebner will be based in State Street Global
Advisors’ London office and responsible for developing, enhancing
and launching State Street’s exchange traded funds worldwide. He
reports to James Ross, senior managing director and global head of
Exchange Traded Funds at State Street Global Advisors.
“Scott is a talented and well-respected expert who will help
expand our SPDR family to meet increasing demand worldwide,” said
Ross. “His experience and expertise offer a unique perspective that
will enhance our ETF product development process.”
Ebner joins State Street Global Advisors from NYSE Euronext,
where most recently he was senior vice president and Global Head of
Exchange Traded Products, overseeing the listing and trading of
ETFs, warrants, certificates, structured notes, investment funds
and other exchange traded products across NYSE Euronext’s global
markets while based in Paris. Mr. Ebner was previously in charge of
European Exchange Traded Products for NYSE Euronext. Prior to
joining NYSE Euronext, Scott served as senior vice president of the
ETF marketplace at the American Stock Exchange (AMEX).
“I’m excited to join State Street, the firm that created the
world’s first exchange traded fund in 1993, and many others that
have transformed the market,” said Ebner. “The ETF industry is
currently a $1.2 trillion market globally, and despite its
tremendous growth over the past seventeen years, additional product
innovation and education are critical to unlocking the market’s
full potential in the years ahead.”
State Street manages more than $200 billion in SPDR ETF assets
worldwide (as of June 30, 2010) and is one of the largest ETF
providers in the US and globally.
Note to Editors: SPDR® Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs provide
professional investors with the flexibility to select investments
that are precisely aligned to their investment strategy. Recognized
as the industry pioneer, State Street—in partnership with the
American Stock Exchange—created the first ETF in 1993 (SPDR S&P
500 – Ticker SPY). Since then, we’ve sustained our place as an
industry innovator through the introduction of many ground-breaking
products, including first-to-market successes with gold,
international real estate, international fixed income and sector
ETFs. SPDR ETFs are managed or marketed by SSgA or SSgA Funds
Management, Inc, a registered investment adviser and wholly owned
subsidiary of State Street Bank and Trust Company.
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset
management that sophisticated investors worldwide rely on for a
disciplined investment process, powerful global investment platform
and access to every major asset class, capitalization range and
style. SSgA is the asset management business of State Street, one
of the world’s leading providers of financial services to
institutional investors.
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value. Brokerage commissions and ETF
expenses will reduce returns.
SPDR22 is a registered trademark of Standard & Poor
Financial Services LLC ("S&P") and has been licensed for use by
State Street Corporation. No financial product offered by State
Street Corporation or its affiliates is sponsored, endorsed, sold
or promoted by S&P or its Affiliates, and S&P and its
affiliates make no representation, warranty or condition regarding
the advisability of buying, selling or holding units/shares in such
products. Further limitations and important information that could
affect investors' rights are described in the prospectus for the
applicable product.
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